(USA) Senior Counsel, Financial Services
Walmart

What you'll do at

Position Summary...

What you'll do...

Are you a seasoned attorney with a passion for shaping the future of the financial services industry? If so, Walmart's Chief Legal Office has an exciting opportunity for you! We are on the hunt for a dynamic individual with over 10 years of experience in financial services or in a retail operation supporting financial services. This role is your chance to make a significant impact, focusing on all aspects of money transmission and payment systems, ecommerce, and ensuring compliance with state, federal, and international regulations.

You'll make an impact :

• Support the business directly with a focus on compliance, product development and digital wallet development (Walmart and Sam's Club), and regulatory change management implementation.
  
• Liaison with 3rd party legal teams on agency requirements and changes related to domestic and international money transmission and mapping flow of funds and data.
  
• Ensure compliance with state and federal money transmission laws, including working with licensing teams at Walmart.
  
• Oversee adherence to consumer protection laws (e.g. UDAAP, GLBA/Reg P, EFTA/Reg E etc.).
  
• Collaborate on innovative business models.
  
• Manage state laws relating to money orders and bill paying.
  
• Handle issuance and selling of prepaid access/stored value.
  
• Ensure compliance with foreign currency dealing and exchanging requirements.
  
• Support Compliance on AML requirements, including familiarity with FinCEN's AML regulations and best practices.
  
• Work with the team on CFPB consumer protection issues and emerging rule making, liaise with external counsel and industry groups regarding proposed rulemaking and comment letters.
  
• Work with business and BSA/AML leaders to develop fraud prevention strategies.
  
• Support legal teams on subscription services requirements and the financial services implications of Walmart + and Sam's Club memberships, including rewards.
  
• Counsel on compliance, authorization, and licensing requirements related to payments.
  
• Collaborate with business units throughout product life cycles, providing regulatory advice.
  
• Ensure adherence to Credit Card Networks, Network Rules, PCI DSS Compliance, Durbin Amendment, CARD Act, EFTA (Reg E), and NACHA Rules.
  
• Advise on traditional and emerging payment systems, including digital and virtual cryptocurrencies domestically and internationally, distributed ledger technologies, and electronic and mobile payments applications, including digital wallets.
  

You'll sweep us off our feet if:

• A minimum of 10 years of experience as a subject matter expert in the financial services industry, or retail industry supporting financial services across a law firm, government agency or a fast-paced technology, financial services, banking, lending, payments, or fintech company.
  
• Experience with payments and banking industry legal issues and applicable compliance requirements and regulations, including NACHA Rules, card network rules, Regulation E, Bank Secrecy Act / anti-money laundering rules and state money transmission services regulation.
  
• Excellent written and oral communication skills.
  
• Extensive experience dealing with federal and state banking and other regulators including the CFPB, FTC, OCC, and FDIC.
  
• Demonstrated ability to work practically and quickly to evaluate risk, solve problems, and make decisions that balance risk, opportunity, and business objectives.
  
• Experience in rolling out retail-based, customer service products and services.
  
• Extraordinary interpersonal and communication skills, phenomenal ability to communicate information effectively internally and externally, including to non-legal audiences, and to drive cross-functional alignment and action and an execution-oriented mindset with the humility, drive, and creativity to get things done.
  

About Walmart
At Walmart, we help people save money so they can live better. This mission serves as the foundation for every decision we make, from responsible sourcing to sustainability-and everything in between. As a Walmart associate, you will play an integral role in shaping the future of retail, tech, merchandising, finance and hundreds of other industries-all while affecting the lives of millions of customers all over the world. Here, your work makes an impact every day. What are you waiting for?

Future Ways of Working:
Our company's success can be attributed to our employees. While technology has allowed us to be effective while working remotely, there is no substitute for being in the office together; it helps to shape our culture, collaborate, innovate, build relationships, and move more quickly. We strive to provide flexibility in order to promote a healthy work-life balance but recognize that in-person interactions are important to our culture and shared success. We'll meet in person on a regular and purposeful basis.

Benefits:
Benefits: Beyond our great compensation package, you can receive incentive awards for your performance. Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.

Equal Opportunity Employer:
Walmart, Inc. is an Equal Opportunity Employer -By Choice. We believe we are best equipped to help our associates, customers and the communities we serve live better when we really know them. That means understanding, respecting and valuing diversity-unique styles, experiences, identities, ideas and opinions -while being inclusive of all people.

The above information has been designed to indicate the general nature and level of work performed in the role. It is not designed to contain or be interpreted as a comprehensive inventory of all responsibilities and qualifications required of employees assigned to this job. The full Job Description can be made available as part of the hiring process.

At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.
‎

‎

‎
You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable.
‎

For information about PTO, see https://one.walmart.com/notices.

‎

‎
Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.
‎
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.
‎

For information about benefits and eligibility, see One.Walmart.

‎
Hoboken, New Jersey US-10279:The annual salary range for this position is $156,000.00-$312,000.00
‎
Bentonville, Arkansas US-09401:The annual salary range for this position is $130,000.00-$260,000.00
‎

‎

‎

‎

‎

‎

‎

‎

‎

‎
Additional compensation includes annual or quarterly performance bonuses.
‎
Additional compensation for certain positions may also include:
‎

‎
- Stock
‎

‎

Minimum Qualifications...

Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.

Law degree from an accredited law school and 5 years' experience in law.
License to practice law in at least one state.

Preferred Qualifications...

Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.

Leading cross-functional teams

Primary Location...

702 Sw 8Th St, Bentonville, AR 72716, United States of America

About Walmart

At Walmart, we help people save money so they can live better. This mission serves as the foundation for every decision we make, from responsible sourcing to sustainability-and everything in between. As a Walmart associate, you will play an integral role in shaping the future of retail, tech, merchandising, finance and hundreds of other industries-all while affecting the lives of millions of customers all over the world. Here, your work makes an impact every day. What are you waiting for?

Walmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.

Hello, NW Arkansas

With over 200 miles of trails, an emerging locally-sourced food scene, the world-renowned Crystal Bridges Museum-NWA has something for everyone.

---